Thursday, December 31, 2009

Quick Notes for the Day - December 31

Holiday Hours - Rollins Financial and Rollins & Associates will be closed on Friday, January 1 in observance of New Year's Day. We will reopen on Monday, January 4 at 8:30 am.

Initial Jobless Claims Continue To Fall - The Labor Department reported that initial jobless claims for state unemployment benefits fell to a seasonally adjusted 432,000 while the four-week average of initial claims dropped 5,500 to 460,250. The number of continuing claims declined 57,000 to 4.98 million. The four-week average of continuing claims fell 122,500 to 5.1 million.

Mortgage Rates Rise to 5.14% - Freddie Mac reported that the 30-year fixed-rate mortgage average rose to 5.14% with an average 0.7 point versus last week at 5.05% and year over year at 5.10%.

Oil rises, poised for biggest yearly gain in decade - By Moming Zhou - MarketWatch - "Crude-oil futures rose Thursday and were poised for their biggest yearly gain in 10 years, helped by a weaker dollar and hopes for an economic recovery. Natural gas fell after data showed inventories fell less than expected last week."

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